“Monarch Airlines will see further expansion into new UK bases and new routes from 2012, whilst remaining dedicated to supporting its long standing tour operator partner needs,” read a statement.

“Further consideration will be given to developing and strengthening its long-haul options in the future.”

However, Monarch will play a role in the developing of the new Boeing aircraft.

“The decision by The Monarch Group to terminate its order for the B787 does not affect Monarch Aircraft Engineering strategy to support the Dreamliner.

“Monarch Aircraft Engineering is proud to have been awarded Boeing GoldCare approval and is committed to providing line and base capability for the B787 from early 2012 in addition to its existing support of Boeing’s 737, 757, 767 and 777 aircraft,” concluded the statement.

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